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Bitcoin market... Don't miss out

82K views 670 replies 97 participants last post by  Jrgunn5150 
#1 · (Edited)
http://bitcoincharts.com/charts/mtgoxUSD#rg60ztgSzm1g10zm2g25zv


So far, it's been pretty f'n profitable for all. $62/coin. I'm thinking everybody should dive in deep as hell right now...


Not sure if it's too late to jump on board, or if it's just the beginning of countless millionaires who got in at ground level...
 
#26 ·
I'm really trying to wrap my brain around this so bear with me :sonicjay:


So you buy these bitcoins (which are a completely made up internet currency) with real cash. The market acts kind of like the stock market. You're basically buying a share. You can use those shares (whos value fluctuates with the market) to barter with other people for goods, etc. If you want to cash out you have to find someone (who is completely anonymous) to buy your shares for cash through some unknown (to me at this moment) broker type system and that's the only way you can withdraw your cash from the bitcoin market.

Am I even close to understanding this?
 
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